November 17, 2024 12:26 am
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Battle over PulteGroup goes public as founder, CEO Spar

William Pulte
PulteGroup CEO Richard Dugas. PHOTO: BRENDAN MCDERMID/REUTERS

By Chris Kirkham and Joshua Jamerson | The Wall Street Journal

A battle for control of the nation’s third-largest home builder went public as PulteGroup Inc. founder William J. Pulte and Chairman and Chief Executive Richard J. Dugas Jr. traded barbs and outlined competing visions for the company.

Mr. Pulte, the company’s founder and largest shareholder, blasted the CEO’s “lack of performance and repeated bad decision-making” in a letter to board members on Monday. That came after the company said Mr. Dugas agreed to step down, citing what the two sides called a disagreement over the builder’s direction.

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